Queensland budget: Govt to levy more than $1b from big business for mental health

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The new levy, revealed in Tuesday’s state budget, will generate an ongoing funding source for mental health services in the state and help underwrite a spend of $1.64 billion over five years.

The Queensland government will impose a new levy on big business to generate an ongoing funding source for mental health services in the state, expected to deliver an annual windfall of $425 million within three years.

“We must have a sustainable funding model,” Treasurer Cameron Dick said of mental health support funding in his budget speech.The staged rollout of yet-to-be detailed mental health service beds — including for perinatal and eating disorders — 1400 new staff and capital investments through the program will form part of the state’s broader health budget, worth $23.6 billion in the coming financial year.

The budget papers include a new five-year plan for the sector with $1.64 billion in operating funding, slated for new mental health service beds — including for perinatal and eating disorders —and an extra $28.5 capital investment.

 

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